tv [untitled] May 18, 2012 8:00am-8:30am EDT
if you were a crisis looms over the g eight summit in america president obama. is from the e.u. but to keep afloat his chances of reelection. plus outrage in iran over plans to merge two of america's gulf allies which tehran's calling a u.s. plot to reshape the region. egyptians may have hoped their revolution would bring change but it seems that a broader rocketing crime rates and unsafe streets. it is a pleasure to have you with us today here on. live in moscow as the u.s.
president hosts this year's g. eight summit he's expected to pressure eurozone members to apply a more expensive bandish to the open single currency wound deeper trouble in europe could threaten obama's own chances of securing a second term but he's admitted to having his hands tied on some issues as reelection worries dominate his thoughts. and he has more from washington there are several challenges for this year's g. eight summit one is facing its host obama has his hands tied with an election coming up in november a lot of focus for him on trying to stay in the white house so he's going to have to balance domestic and international considerations at this camp david summit something that's never easy but even more so when you have voters to please and global leaders to reassure it's always a difficult thing to do even more difficult during the election he has in one sense . to reassure american allies that america has remained strong and committed to the
g eight and it has an important role to play at the same time he has to be sensitive to what his constituents in america are thinking about domestic concerns the economy unemployment housing all of the things that remain an issue the obama already told the world that more ready to compromise on global issues after the election given it was by accident in that hot mike sit down with dmitri medvedev but with that incident aside many experts say that it's very unlikely we'll see progress on by lateral issues with russia per se on missile defense or iran's nuclear program in the election year now another challenge facing the group as a whole is the question many are asking does the g. eight format still work it's true that most countries of the world see the g eight as outdated most countries in the world don't recognize the the singular leadership
of the united states and its western european allies so in terms of what might come out of the g eight i think that again substantive policy decisions are unlikely rather this is going to be a much more much more geared towards padding obama's image as the host of the summit and showing the world that obama is this sort of a uniting uniting force rather than the divisive force that he has seemed to be for the for his first term now in terms of uniting one of the main goals and focus of this summit will be the euro crisis the goal there to try to get the new french president on board with all of the massive austerity cuts that we're seeing throughout europe this is something that european leaders will certainly be looking for obama to try to unite all of them on how to move forward with that but again a lot of critics think the g. eight is an outdated format and then you have all the speculation as to why president putin didn't come. perhaps it's because he doesn't understand how
important the g twenty is especially when it comes to the financial turmoil that we're seeing across the world not of course will be held in mexico into reporting from washington and he's now a r.t. and this year's gathering is looking increasingly like a euro crisis summit with a german led focus on austerity likely to come under scrutiny this. sentiment is spreading fast across the whole of europe along with fears about greece leaving the euro a report on the gathering storm clouds in just a few. of the overly strong arm of the law and go rages in the u.s. over an alarming rise in police brutality cases find out more on that in just a few minutes. pro-government demonstrators have taken to the streets in iran to protest what they're calling a u.s. ploy to reshape the region tehran's unhappy about plans by two of washington's key
allies bahrain and saudi arabia to cement a military and political alliance the islamic state fears washington's orchestrating the unity push to force it into a corner iran has summoned back or any different amounts for an explanation this sounds pro-democracy protests in bahrain have again been met with brute force as police dispersed the latest rally with tear gas and rubber bullets i want to ronnie and professor told r.t. that america's gulf allies are desperately clinging to power. this is basically for the survival of the dictatorship in bahrain because the dictatorship the king is immensely unpopular the vast majority of the people who are battering want the overthrow of the regime but unfortunately the west supports the saudis and the dictatorship but what ron is concerned about is that the saudi regime will attempt to annex behind because the dictator in baghdad is immensely unpopular he
is unable to keep control and in order. to lucian. allow the saudi forces to effectively occupy the country it's very interesting that the people about i mean despite all this this small country has put up so much resistance and i think this itself shows the immense weakness that lies behind the saudi regime but the iranians believe that the fact that the united states supports the bahraini and saudi dictatorships also makes them responsible for the both the bloodshed as well as the current situation at large. while we are closely following the situation in bahrain online you can head over to our web site r t dot com for the latest updates for example our dining out of the ruler of bahrain decides to abandon his kingdom torn by protests this are we going to tend the queen's jubilee lunch at buckingham palace. fisherman for sale north korea demands two hundred
thousand dollars for the return of twenty nine chinese men captured at sea those details also on our website. r.t. is coming to you live from moscow our ratings agency moody's has downgraded the credit scores of sixteen spanish banks all amid fears madrid may be next to fall should greece exit the euro zone it comes after billions of euros were withdrawn from greek and spanish banks this week as people growing christian we worried over the safety of their savings let's get more on this now from our business and speak a scieno good to see you katie are people in greece and spain it seems to be some sort of a panic withdrawal that they're pulling out their funds or how significant is this
downgrade we're talking about is fairly significant indeed out to you for it really is a massive concern when you consider the spanish economy is facing a recession they've got surging unemployment a five year prophecy as well so it's not good so now the agency has said that the downgrade was on the grounds that the government's ability to support some lenders has indeed a wee kid now the freaky thing about this is that we are back to the spanish forces actually gaining at the moment there's us who remain on the market is that still selling has been bad just take the self i also want to mention the fact that the credit rating agency actually downgraded twenty six a tally in banks earlier in the week say contagion is the real issue it will weigh . all right katie many thanks indeed we will see you soon. well edu leaders are adamant at the need to keep the eurozone together more details on that tell you on our website at www dot com for now though the worst hit victims of the euro crisis
are the millions of year appearance who have lost their jobs and incomes almost half of all spain's youth alone are out of work and yet this is not stopping brussels from spending thousands of euros on bureaucratic hiring processes for the ministers want to test or are sillier reports. good income great working hours generous benefits career growth and essentially a job for life it's no surprise that the tens of thousands of applicants across the european union vie for permanent posts in the e.u. institutions are is one of them i applied because maybe i get the chance to become a star but it's a job more secure can transfer to another position after two years walking the halls of these buildings are thousands of men and women who run this massive uber schoonover managing the union for five hundred million citizens no doubt requires manpower but so many people are quiet fouts were talks players money is concerned
it costs between seven thousand and fourteen and a half thousand euros to simply go through the process of hiring one permanent staff is an awful lot it's probably the same amount that a company would pay on recruiting a chief executive say a more personal but of course ridiculous by no means to fund the book why is it that these stories keep on emerging i think in all honesty. e.u. officials who really matter they don't seem to care i mean they might say certain things but at the end of the day they are asking for more money year after year after year this time the e.u. commission is asking for a budget increase of six point eight percent for two thousand and thirteen taking the total amount to one hundred thirty eight billion euros about twenty three million of which will go to the european personnel selection office or eb so in charge of selecting potential permanent staff selected candidates are then placed on a reserve list for about a year commission various e.u.
institutions can choose if you keep people reserve list this list is only valid for a certain time after which these people probably find jobs so where's the value added in the cost of hiring people could be much higher we also need to select people on the broader. possible geographical bases so we need to make sure that people from all countries represented there is an additional cost for that she adds that in an exercise comparing the costs of each new hire and twenty nine international bodies including the world bank and the united nations episodes average cost per person is still lower but in this context. where millions of jobless e.u. citizens are hanging by a thread critics say that no amount of justification is going to make this situation appear like taxpayers' money well spent yes or cilia r.t.
brussels. we're coming to you live from moscow be careful what you wish for that's what it gyptian xah learning the hard way last year's uprising of the revolution brought about change but mainly by destabilizing the country it's left people facing chaos and a massive crime wave of burglary and armed robbery arteries are in a costco she reports from cairo. it's not just protests the disruptive peace on the streets of cairo just ask taxi driver. it was calm before the revolution one hundred percent where in a total mess now i used to drive anywhere wherever they want us came from never refused a customer now i park my car in the garage at six pm and go home i could a special security system on it so it would be harder to steal. robberies car thefts all have become part of a daily life in large cities like cairo and alexandria after the revolution many
people say the police at times simply choose to turn away when a crime is being committed. all hell broke loose after the uprising i know some who escaped from prison there are still stealing and looting they use guys who steal cars for them and then use those cars to deliver cocaine and hash to drug addicts. people see this was something unheard of before the arab spring and the mayhem that followed the uprising of january two thousand and eleven many believe thousands of convicts escaped to unguarded prisons a crime wave has followed with egyptian media reporting more than twenty five hundred murders and some two thousand abductions since their revolution yet the police are accused of doing little. the police a lot of respect a lot of. the tools to work with like the weapons.
most of the egyptian people for that this police has been treating my. for the last thirty years i would say for a long time maybe for six. this police is not looking to us we are the police and that's wrong in my opinion the minister charged with enforcing the law has a very different view saying the situation is under control want to settle i've got like a shot here i told the members of the people's council look at the results we managed to achieve in record time i'm sure that no one could have done as much we had a total collapse of everything and stability was nonexistent i don't have it all numbers regarding organized crime groups robberies and thefts they were committing and the achievements we've made at that in the meantime until calm returns to egypt ibrahim and others will continue to close up shop early and head home before sunset
fearful not only for their property and possessions but for their safety and lives in cairo in a ghost go. i will get to the r.t. world update in just a few minutes but for now a massive explosion and fire has hit and i mean dump belonging to russia's ministry of defense and the country's far east official say some weapons exploded when they were being disposed of the fire and explosions are continuing to rage or prompting the suspension of the trans siberian railway part of which is located just a few kilometers away from the site of the accident officials say two people have been injured about two thousand people are being evacuated from nearby villages specialist trains and a number of helicopters have been battling for hours to bring the situation under control. or either let's check out some of the global news for you in brief the r.t. wild update now straight to iraq where three civil ten years the blasts have struck an outdoor bird market in eastern baghdad five dead dozens wounded the bombings
took place in a shia neighborhood when the area was crowded with shoppers the violence has decreased in iraq in the past few years however insurgent attacks on security forces and civilians continue in an attempt to undermine the shiite led government . a bus has crashed off a bridge in central vietnam killing thirty four and injuring dozens the crowded coach was traveling to the city of min in the south when the driver lost control of causing the vehicle to plunge eighteen meters into a river over eleven thousand people die each year in vietnam in a traffic related incidents. the un chief says al-qaeda militants were behind the deadly suicide car bombings that killed fifty five people in syria last week thank you moon also so the death toll from the crisis now stands at ten thousand i mean well and the regime activists have called for more mass protests to
keep up momentum following a huge student demo on thursday violence persists elsewhere with the regime regime forces renewing their own bartman of the town of in an attempt to break up defensive lines set up by the opposition what. well they are called on to uphold the law but does that mean they abide by it increasing cases of police officers using excessive force of a spark public outrage across the united states and some fear it might just be too late to turn the tide with us reporters artie's within a culture of. spectators in the small california courtroom gas but a video off a man lying on the ground screaming they're killing me while being severely beaten by police at first when thirty seven year old schizophrenia sufferer cally follows appeared on corporative the officers gave him a terrifying warning. and i. heard. later in the
video you can hear thomas repeated the apologizing to the police and even crying for his father's house old. girl. they continued their assault with pests anteaters she lost consciousness and died in hospital five days later it sparked a series of protests across california and demanding justice for victims of police brutality yes this was no isolated case while police officers in a neighboring californians it's ian standing trial for the down the county thomas here in downtown l.a. people who came out onto the streets to remember the first anniversary afraid another is found will be shooting the killing of dale garrett with blood increasingly on the hands of police officers across the country many people here say police are using excessive force far more than necessary dale garrido was shot by an officer twice in the back the police chief insisted the decision to open far
fell within the rules but many here find it hard to understand how shooting a man from behind constitutes self-defense since nineteen eighty three only one california cop has been convicted with killing on duty after oscar grant was shot dead a new year's day two thousand and nine the auckland officer told his trial that he meant to draw in for his teaser not his gun to a sentenced to the minimum two years he was free months. but for. apple police shootings are on the rise across the state the latest just two months ago in the death of unarmed nineteen year old kendrick mcdade shot seven times during the watch turned out to be the false report of froggery community groups aids time the police came under the people's control the laws and the justice system that applies to normal folks working people there's
a whole different set of laws and justice that applies to the police i mean there's there's rarely any any form of justice that's brought to the police that i mean they make their own laws or they're above the law really cases of police using excessive force happened primarily in poor mainly black neighborhoods but cali thelma's killing in a wealthy middle class town shows the badri suppress violence are shifting and californians want turn a blind eye anymore when the question archie reporting from los angeles california . it's twenty minutes past the hour here in moscow in about ten minutes time though it's off to the kremlin as we explore the cultural areas around our russia's main tourist attractions are a quick preview now of what's just ahead. as kites fly in front of the kremlin and actors breaking their character costumes it's clear to everyone loves to walk outside take in the beautiful surroundings and cherish the warm sunny weather when it comes to walking in the street you don't get
much better than that. and don't worry if you don't know your bolshoi. tourist spots aside moscow's entertainment scene is packed with a wide range of activities and. let's head over to katie she's standing by the r.t. business for our hourly market update here. always good to see you katie there you are do tell us there's one point here that seems to be confusing and certainly me at the very least why is it the spanish banks are on the world trade is heading down because of them. yeah that's right bro we're looking at an economy right now that is really facing some absolute pressure it's got a recession on the brink that surging unemployment and
a five year property brassed now the agency said that the reason why they have downgraded the banks is on the grounds that the government's ability to support some lenders has weakened and that's their reasoning for doing so you know as you look at the numbers right there the fits in the dots are really responding to that let me just table the our backs as well because that's the horse i just want to say it's zali gaining and apparently that's because short selling has been bad if you go back to the two thousand and eight financial crisis that was a real disaster the short selling scenario is now we've also got to talk about greece because i can see what europe without the about the main targets in all of this has had a credit rating reduced adding insult to injury we're talking about minus to triple c. i k let's move on and have a look at some other markets right now we'll see the eurozone see how all of these sentiments are really playing into the common currency that we can see it is gaining a fraction this hour but it still remains below that one thirty region we've also
got the ruble which is performing poorly into a session largely because investors are really edging towards a safe haven which of course the u.s. dollar ok you know movie or what have the out of russia markets and see you know i started off as a bit of a disaster all round we had losses of three percent if you look at the obvious in the my sex isn't who i'd just now so some hates been taken off but if we look at some yearly rates have a look how they're performing let's have a look at the stocks actually to see who's the biggest losers in today's session we've got spare bank now now let me just say yesterday we were looking at a loss of seven percent for the biggest lender here in russia because gas from as well really fairly hates its likely demand will fall is that is of course we do see there breakfasted as it's being called polymath so it's going a fraction we've got gold gaining. as well as i was being helped out flyers are ok so i will have a look at the yearly performance of the mindsets now really put it into perspective
to have a leg as you can see we've got it for going all the way down just. in the last thirty days is that she lost around twelve percent and is now trading through. the law you. movin on we'll have a look at those all important oil prices which we know the russian bosses really rely upon as we can see we've got prices mixed this hour but this week they've lost fair amount of value grants if we're talking about what the arabia minister wants he wants that price of brant to one hundred dollars per barrel is edging towards that direction which will send chills down the spines of our traders here in russia there's always something completely different we're going to have a chat about facebook and we're about to find out how many likes how many friends you've got on facebook is really actually worth in terms of money now today it's going to head on to the and it's going to take its place on the american bourse there now it's actually already managed to raise sixteen billion dollars in an i.p.o. the company is now valued at one hundred four billion dollars they say it's
a big windfall for a company that began just eight years ago. with no way to make money can you believe that facebook price its stock with thirty eight dollars per share that was at the top of expectations now among the facebook shareholders is russian d.s.t. in its own a billionaire use of an often artie's don't you butcher explains how you spin off made his way to the world's top social network. started building his facebook stake in two thousand and nine just as the global economy tanked and investors are pulling out but social networks a wildly popular roster in fact thousands of private investors have bid to buy shares in the world's favorite websites so much so that the top brokers this film will miss out. we cannot guarantee our clients that they will definitely get facebook shares demand is huge underwriters prefer big institutional investors who will hold the shares for a long time meaning the price is more stable this month of sin versed in terms t.
and meldrew will malt that eight hundred million dollars was an absurd sum to pay for facebook's own proven concept but with the site attracting five percent of all u.s. internet advertising the i.p.o. will now earn him billions yet the social networks fall from russia's only world beating online gamble so what's been the secret social gaming course on phones to ring russia than in the u.s. or europe russian developed phone bill became facebook's most popular game world cup the group created by russia's it was a top download on the store and russia is one of the few countries to beat out facebook and google yandex is the number one search engine and facebook's less popular the local rivals v.k. now facebook rival twitter is being tipped to follow it and go public that signals another huge payday for russia because mail rooms also bought
you know how sometimes you see a story and it seems so horror lengthly you think you understand it and then you glimpse something else you hear or see some other part of it and realized everything you thought you knew you don't know i'm trying hard welcome to the big picture. wealthy british style it's apparent that's not on a lot of times. anything and everything. markets why not. find out what's really happening to the global economy in these kinds of reports on r g. my grandmother did not like we're going to become. cruiser free. and she was very cool. she froze. our was frankenstein's monster. we don't have the
problem. every body. is i'm a i'm the palestinian or the european saudi to negotiate an end to the violent attacks against israel which i have no fear of war. call me. so long as you have no fear calling the leader of the state of israel one of the main terrorists in the world. we are supposed to be seriously examining history but you mention a few words about jewish culture happening and people gets so upset this is i'm sorry to say it's a form of emotional blackmail.